Company Registration No. 12457508 (England and Wales)
AI OF DEVELOPMENT UK LTD
Unaudited accounts
for the year ended 28 February 2023
AI OF DEVELOPMENT UK LTD
Unaudited accounts
Contents
AI OF DEVELOPMENT UK LTD
Company Information
for the year ended 28 February 2023
Director
Simon Dexter Henry
Company Number
12457508 (England and Wales)
Registered Office
25 CORNWALL ROAD
LONDON
N4 4PH
ENGLAND
AI OF DEVELOPMENT UK LTD
Statement of financial position
as at 28 February 2023
Tangible assets
42,619
42,619
Cash at bank and in hand
404
1,289
Creditors: amounts falling due within one year
(10,000)
(6,663)
Net current assets
404
21,870
Total assets less current liabilities
43,023
64,489
Creditors: amounts falling due after more than one year
-
(7,902)
Called up share capital
1
1
Profit and loss account
43,022
56,586
Shareholders' funds
43,023
56,587
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 February 2024 and were signed on its behalf by
Simon Dexter Henry
Director
Company Registration No. 12457508
AI OF DEVELOPMENT UK LTD
Notes to the Accounts
for the year ended 28 February 2023
AI OF DEVELOPMENT UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12457508. The registered office is 25 CORNWALL ROAD, LONDON, N4 4PH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
32,814
17,482
2,381
52,677
At 28 February 2023
32,814
17,482
2,381
52,677
At 1 March 2022
6,562
3,496
-
10,058
At 28 February 2023
6,562
3,496
-
10,058
At 28 February 2023
26,252
13,986
2,381
42,619
At 28 February 2022
26,252
13,986
2,381
42,619
Amounts falling due within one year
Amounts falling due after more than one year
AI OF DEVELOPMENT UK LTD
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
-
Taxes and social security
-
1,406
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
-
7,902
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).